Signature Resources Capital Management LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 133.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,816 shares of the electric vehicle producer’s stock after acquiring an additional 1,609 shares during the period. Tesla makes up approximately 0.5% of Signature Resources Capital Management LLC’s holdings, making the stock its 15th biggest position. Signature Resources Capital Management LLC’s holdings in Tesla were worth $1,185,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. State Street Corp grew its position in Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after purchasing an additional 1,080,085 shares during the period. Geode Capital Management LLC grew its position in Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after purchasing an additional 375,946 shares during the period. Norges Bank purchased a new stake in Tesla during the 4th quarter valued at $17,128,100,000. Finally, Amundi lifted its holdings in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after buying an additional 2,727,141 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Wall Street Analysts Forecast Growth
TSLA has been the topic of a number of research reports. UBS Group set a $460.00 price target on Tesla in a research note on Thursday, July 23rd. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Roth Capital reissued a “buy” rating and issued a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $500.00 price target on shares of Tesla in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $401.74.
Insider Transactions at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Swedish strike ends: IF Metall said all conflict measures against Tesla’s Swedish operations will cease on August 19 after Tesla buyouts. The agreement removes a nearly three-year labor disruption and may improve vehicle deliveries, service and parts operations in the region. TSLA Stock Rises As Swedish Union Ends Nearly 3-Year Strike After Tesla Buyouts
- Positive Sentiment: Large solar investment under consideration: Tesla is seeking approval for a proposed $10.1 billion solar-panel factory in Texas. The project could broaden Tesla’s energy business and support Elon Musk’s goal of significantly increasing U.S. solar manufacturing, though it also represents substantial capital and execution risk. Tesla $10 Billion Solar Bet Could Change Its Energy Game
- Positive Sentiment: Signs of demand and regional growth: Tesla’s online configurator shows extended delivery estimates for base Model 3, Model Y and Cybertruck orders, while the company is expanding its Japanese delivery network amid stronger demand. These indicators could support near-term deliveries if production and logistics keep pace. Tesla Cars Facing More Demand Than Stock
- Neutral Sentiment: Analyst targets remain above the market price: Consensus price targets have risen despite more Hold ratings than Buy ratings. The disconnect reflects optimism about autonomy, robotics and energy rather than strong current profitability.
- Neutral Sentiment: Portfolio activity: Gamco Investors added 6,650 Tesla shares, offering a modest institutional vote of confidence. Conversely, investor Michael Burry reportedly reduced overall exposure and positioned for a broader market decline, underscoring divided sentiment. Gamco Investors boosts Tesla stake
- Negative Sentiment: Valuation remains a major overhang: Critics argue Tesla is priced for exceptional growth despite thin auto margins, negative free cash flow concerns and a very high earnings multiple. The latest quarter also included an EPS miss, increasing pressure on future products to justify the premium.
- Negative Sentiment: Autonomy execution is under scrutiny: Investors remain concerned about delays or slower progress in unsupervised Full Self-Driving and Robotaxi plans. Because much of Tesla’s valuation depends on these businesses, further setbacks could weigh heavily on the stock.
- Negative Sentiment: Governance and reputation risk: Reports that Elon Musk received compensation vastly exceeding average employee pay may fuel shareholder concerns about governance, dilution and management priorities.
Tesla Price Performance
NASDAQ TSLA opened at $339.96 on Friday. The business’s fifty day moving average is $371.75 and its 200 day moving average is $390.51. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market capitalization of $1.34 trillion, a PE ratio of 314.78, a price-to-earnings-growth ratio of 16.54 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the business earned $0.33 EPS. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current year.
Tesla Company Profile
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
See Also
- Five stocks we like better than Tesla
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.
